POWER: Statnett: NO2 Hydropower Upgrades Could Add 5GW, Boost Flows

Nov-13 11:52

You are missing out on very valuable content.

Statnett's new analysis shows that hydropower upgrades in Norway's NO2 region could add up to 5GW of...

Historical bullets

GILT SYNDICATION: 5.25% Jan-41 gilt: Priced (with details)

Oct-14 11:51
  • Reoffer:101.621 to yield 5.0969%
  • Spread set earlier at 4.375% Jan-40 Gilt + 8.0bps (Guidance was +8/8.5bps)
  • Size: GBP9bln (above the GBP4.0-8.5bln MNI expected - although we had noted the top half of that range was likely).
  • Orderbooks closed in excess of GBP128bln (including JLM interest of GBP7bln)
  • Hedge ratio: 110% vs 4.375% Jan-40 gilt. Spot ref 93.50 / 5.0169%, hedge at 93.501
  • Maturity: 31 Jan 2041
  • Settlement: 15 Oct 2025 (T+1)
  • Coupon: 5.25% (short first)
  • ISIN: GB00BVP99897
  • JLMs: BofA / Barclays / DB / MS (B&D/DM) / RBC CM
  • Timing: TOE 12:45BST. FTT immediately

Source: Market source and MNI colour

GILT SYNDICATION: 5.25% Jan-41 gilt: Priced

Oct-14 11:48
  • Reoffer:101.621 to yield 5.0969%
  • Spread set earlier at 4.375% Jan-40 Gilt + 8.0bps (Guidance was +8/8.5bps)
  • Size: GBP9bln (above the GBP4.0-8.5bln MNI expected - although we had noted the top half of that range was likely).
  • Orderbooks closed in excess of GBP128bln (including JLM interest of GBP7bln)
  • Hedge ratio: 110% vs 4.375% Jan-40 gilt
  • Maturity: 31 Jan 2041
  • Settlement: 15 Oct 2025 (T+1)
  • Coupon: 5.25% (short first)
  • ISIN: GB00BVP99897
  • JLMs: BofA / Barclays / DB / MS (B&D/DM) / RBC CM
  • Timing: Hedge deadline 12:00BST

Source: Market source and MNI colour

EURIBOR OPTIONS: ERM6 Package Trades

Oct-14 11:46

ERM6 98.25/98.37 call spread vs 97.93 puts paper paid 0 for the call spread on +4K.